ATLANTIC – Atlantic Municipal Utilities (AMU) has the second lowest rates in the state of Iowa, according to a report from the American Public Power Association (APPA).
AMU’s electric rates are 7.1 cents per kilowatt. The only other lower rate is at Denison Municipal Utilities.
The report compares the average rate of 181 electric utilities in the state of Iowa, including residential, commercial and industrial rates.
“We were very pleased to see the results of the latest rate comparisons among electric utilities,” stated Steve Tjepkes, AMU General Manager. “While keeping rates low is important to everyone in our community, we believe it is the customer service our employees provide every day that we are most proud of and strive to maintain at AMU.”
Tjepkes said part of the reason AMU’s rates are low is because one power source they use is inexpensive.
“The hydro power supply (we use) is inexpensive,” he said.
AMU’s supply comes from a coal-fired Walter Scott, Jr. Energy Center Unit 3 plant in Council Bluffs, (which AMU co-owns), hydro-generated electricity from dams along the Missouri River basin, power purchased from Missouri River Energy Services, located in Sioux Falls, S.D. and Atlantic’s local generation includes a 10MW natural gas generator used primarily to meet capacity and energy reserve requirements and emergency back-up power.
He said since the coronavirus outbreak started, the overall price of electricity is down, due to less power being used less with businesses being shut down or working less hours, which is affecting the price of electricity.
AMU provides electrical service to 3,984 residential and commercial consumers within the city of Atlantic and another 675 residential and commercial consumers in the surrounding rural area.
The American Public Power Association (APPA), based in Washington, D.C., is a national service organization representing the unified interests of the nation’s more than 2,000 community-owned municipal electric utilities. Collectively, municipal utilities serve more than 48 million Americans.